Business and Economy

Broker snap: High fuel price, weak economy to hit BBA (ShareCast)

9 Jul 2008

LONDON (SHARECAST) - JP Morgan has lowered its rating on BBA Aviation to ‘underweight’ from ‘neutral’ and slashed its target price on the aircraft services company to 101p from 214p, citing concerns over fuel prices and the weak economy.

ALL BUSINESS: Job cut surge keeps wage growth low (El Paso Times)

9 Jul 2008

NEW YORK—All those job cuts at automakers, newspapers and even Starbucks are hard to stomach. But in a roundabout way, they may actually help the economy a bit.

High gas and a low economy didn't stop Independence Day tourists from visiting Santa Cruz area (Santa Cruz Sentinel)

9 Jul 2008

Despite rising gas prices, a record number of tourists flocked to Santa Cruz area beaches and restaurants to soak up some sun and fun during the Fourth of July weekend.